Get a Moniepoint POS Machine 2023 – Easy & Fast


So, do want to get a Moniepoint POS machine? You’re very much at the right spot here…

If you’re running a business and considering ever getting a POS business for secured and seamless payments, then you should be looking at the Moniepoint POS terminal.

We know the situation we’re currently facing in the country. The issue of cash crunch, coupled with network issues for transfers has dominated the events in society.

This has affected people because of their inability to access cash, as customers have found it hard to purchase goods with physical cash, which has directly affected businesses.

So, for you as a business person to cope with the current situation and get your business running, you need to get a Moniepoint POS machine to allow your customers to pay with their ATM cards whenever they’re short of physical cash.

Some people may ask, “What makes Moniepoint POS terminal so special?” Well, I can tell you; it’s simply secure and safe, due to its built-in advanced encrypted payment processing, and of course their charges are very encouraging.

In order words, it’s easy to use, doesn’t reject any card, you can process your payments asap, and as well it has a long-lasting battery compared to some other POS terminals.

I’m also going to show you how to receive transfer payments with your Moniepoint POS terminal, access all the POS features, and also how to print account statements…

How to Get a Moniepoint POS Machine

Before you can be able to get a Moniepoint POS machine, you’ll, first of all, need to register for a business account with Moniepoint.

Just follow the steps below to see how you can get a Moniepoint POS machine:

The first thing is to log in to your business account , or open the Moniepoint mobile app via your phone and log in.

Once your dashboard is open, click on the menu tab located at the top left corner, where you’ll scroll down and see “POS” which is located under CHANNELS. Click on it.

Now, once you open the POS menu, you’ll then click on “Request New POS.”

Moniepoint POS Machine
Request to get a Moniepoint POS machine

Click on the MP35P to move to the next level.

Fill in the address where you’ll like the Moniepoint POS machine to be delivered to you.

After that, you’ll then have to fund your account with at least N21,500 fee for the process to be completed.

The next stage is where you’ll have to click on “Select RM” to be connected with a (Relationship Manager) from Moniepoint who will detail you further; he or she will be delivering the POS machine to you, and as well guide you on how to use it.

The POS machine will be delivered to the address you provided within 48 hours after your application has been approved.

Moniepoint POS Terminal Fee / Charges

With just N21, 500 only, you can get a Moniepoint POS machine, or you can pay double the amount to get two or more (subject to additional fees). The money is kind of to lease the machine to you, not to purchase it. This money will be returned to you in full when you return the POS machine without any fault.

How is the fee calculated?

N10,000 – Caution Fee
N10,000 – Logistics Fee
N1,500 – Insurance Fee

The charges are as follows:

  • You pay a 0.5% interest in transaction withdrawals ranging between N1 to 20k and a fee of N100 on transactions above 20k.
  • They charge N20 and 2% rate on airtime recharge, while bill payment transactions are free.
  • In other words, Moniepoint gives what is called “BOs cashback,” where you’ll get N20 on withdrawals, and N5 cashback on transfers

Note: If you have any issues, delays, or questions you want to directly relate to, you can send an email to

Moniepoint POS Machine

How to Print Your Moniepoint Transaction Details

  • You’ll have to first log in to your business account either via the app or web browser
  • Then click on the Menu tab at the top left corner of the homepage
  • Scroll down and click on “POS” under CHANNELS
  • You’ll then have to click on the “eye” icon located at the left side of the page
  • After that, information will showcase. Just click on “Print POS transfer account details”
  • You’ll now have the PDF file which will be easy for you to print.

How to Receive Transfer Payments with Moniepoint POS

If your customer does not have an ATM card, you can still accept transfer payments from them. Before this will work effectively, you need to make sure that your POS machine is upgraded and up to date.

To update your POS machine, all you have to do is click on “AppMarket” > then scroll down to the homepage and click on “Update” > then confirm the update option. After that, your POS machine will not be updated, and you can now start receiving transfer payments and all other exciting features.

To receive transfer payments, all you have to do is share your POS machine account number with the customer for him or her to make the transfer. Once the transfer is done, you’ll see the customer’s transaction details.

How to View Account Statement Details

Click on “More” via the homepage of your POS machine
Click on “Account”
Select “Business Account”
Then enter your 4-digit business PIN
After that, click on “Account Statement”
Then click on “Show Details” to view your transaction information.

How to Change your POS Terminal PIN

  • You’ll have to first log in to your business account either via the app or web browser
  • Then click on the Menu tab at the top left corner of the homepage
  • Scroll down and click on “POS”
  • Click on “View More”
  • Then click on “Change Terminal PIN”
  • An OTP will immediately be sent to your registered phone number
  • Enter the OTP and click “Next”
  • The next step is to enter your Moniepoint Business PIN, and then your 5-digit Terminal PIN
  • Click on “Proceed” to update your PIN
  • Once you’re done with that, you can then restart your POS machine.


Moniepoint POS terminal has lots of interesting features for your business experience, which is why you should consider getting one, especially now that the cashless policy has hit fast. This will enable you to continue running your business seamlessly irrespective of the Naira cash scarcity.


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